Tag Archives: metals

Gold attempts continue to rise, but still limited attempts are ineffective after a strong confrontation with the pivotal resistance level published during the previous analysis at1660 price, which still constitutes an obstacle to the price until now, unable to break it. On the technical side, and by looking at the …

Mixed trading dominated the prices of the yellow metal during the last trading sessions of the last week, after it approached the official target of the last downside wave at 1632, recording its lowest level at 1617, to the bullish rebound, achieving strong gains, reaching the pivotal resistance level published …

The pivotal resistance level posted during the previous analysis, at 1666, could limit the limited upward attempts that dominated the gold’s movements and forced the price to maintain negative stability. From the technical analysis point of view today, the 50-day simple moving average is still an obstacle in front of …

The yellow metal prices achieved the negative outlook as we expected during the previous analysis, explaining that confirming the break of the 1660 support floor facilitated the task required to visit our first target 1646, recording its lowest level at the end of last week’s trading at 1640. Today’s technicals …

Divergent movements dominated the gold’s moves during the last session within a sideways path between 1660 and 1670. Technically, by looking at the 4-hour chart, we find that Stochastic gradually loses bullish momentum and is motivated by the continuation of the negative pressure coming from the 50-day simple moving average. …

The prices of the yellow metal suffer from the continued rise of the US dollar, forcing the price to trade again below the $1700 level per ounce, recording $1,661, its lowest price in almost a week. On the technical side today, the simple moving averages still constitute an obstacle to …

Gold prices found strong support, as we mentioned during the previous analysis at 1700, explaining that consolidation above 1700 supports the continuation of the positive scenario to return to the bullish rebound, recording a high of $1724 per ounce. Technically, looking at the chart, we find stochastic motivating the price …

Gold prices achieved strong gains within the upward trend during the previous trading session, as we expected, touching the official target station located at $1730 per ounce. Today’s technicals indicate the possibility of continuing the rise, with the positive motive coming from the 50-day simple moving average that supports the …

Positive trades dominated the movements of gold as we expected, touching the official targets at 1689. as we mentioned, rising above 1689 extends gains towards 1705, recording its highest level at 1702 during the early trading of the current session. Technically, and with a careful look at the 240-minute chart, …

Gold prices touched the bullish correction target mentioned during the last analysis at 1670, recording its highest level during last Friday’s trading at 1675. On the technical side, and by looking at the 4-hour chart, we notice that gold continues to obtain positive motive from the simple moving averages, and …